What is OSMX
At the heart of the ground-breaking OSMX Project, we find a powerful force for change: OSMX tokens.
These tokens aren't just digital assets; they're tools for empowerment, designed to fuel a community-driven revolution in how we collect and utilize map data. Imagine a world where every individual contribution to mapping, from capturing your daily compute to using your GPU to process the ingested data, is not just recognized but rewarded. This is where the magic happens, where your actions directly contribute to your growth and the collective success of the ecosystem.
On the flip side, we have enterprises and developers, the visionaries and builders of our digital world, who use this map data to create solutions that make our lives easier and more connected. Every time they tap into this reservoir of shared knowledge, OSMX tokens are consumed, creating a beautiful cycle of renewal that sustains the project's vitality and ensures its resources are continually replenished.
OSMX was built on top of the Solana blockchain.
The first OSMX was minted on March 21, 2024 Block #25508308The maximum number of OSMX tokens that can exist is capped at the number of OpenStreetMap road node data points. This geospatially ties the token supply to the world road network, and as data is captured, new tokens are minted. As commercial users access the data, tokens are burned to ensure continuous supply and demand, but the maximum that can never exceed the OSM Node count.
9.05 Billion Tokens have been minted at the beginning of the project. Additional tokens are minted at the end of each month. As the OSM map data expands, if the number of nodes increases, additional OSMX tokens are minted to synchronise the node count.
Tokens have been initially allocated in the following manner:
40% to our incredible contributors who breathe life into the OSMX Project.
15% to our visionary investors who fuel our journey with startup capital.
15% to our passionate founders, driving innovation every step of the way.
20% to our dynamic development fund to pay for the development, testing and technical and operational systems that are necessary to run the OSMX Project
10% to our satellite imagery fund, fund to purchase high resolution satellite imagery to add to the OpenStreetMap project.
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